Polytechnique Ventures has already closed a third investment
Launched in July, Polytechnique Ventures has already completed its third investment. After Néolithe and Okomera, Polytechnique Ventures is supporting Silina, which specializes in microelectronics for imaging systems.
Polytechnique Ventures, the seed fund created and funded by X alumni, has made its third investment less than three months after its official launch.
The fund, which has raised €20 million to date, completes the innovation and entrepreneurship support system developed by X to enhance its scientific and technological research, train young deep tech entrepreneurs, and contribute to the country's economic development.
Following its investment in Neolithe as part of a seed round and its pre-seed investment in Okomera, Polytechnique Ventures has just completed its investment in Silina.
Founded by Michael Bailly (X2003) and Wilfried Jahn (PhD), Silina has developed a process for bending image sensors, capable of producing not one, but hundreds of sensors at the same time. This technology provides cameras with increased performance and a reduced footprint, meeting the expectations of multiple markets: aerospace and defense, industrial imaging, autonomous vehicle guidance, and smartphone cameras.
Launched by Aimee Wessel (PhD), Raphaël Tomasi (PhD), Sandra Jerström (PhD) and Charles Baroud (Professor at X and PhD) on the basis of a technology developed by the LadHyX hydrodynamics laboratory, a joint CNRS-École polytechnique research unit, Okomera is developing an innovative system to facilitate and accelerate the development of personalized cancer treatments. Its process enables each patient to test the effect of a range of potential therapies (chemotherapy, immunotherapy, cell therapy, combined therapies) on cells obtained from tumor microbiopsies and grown in 3D - spheroids - on microfluidic chips.
Founded by Nicolas Cruaud (X2016) and Clément Bénassy (AgroParisTech 2015), Neolithe commercializes fossilizers that, thanks to its patented process, transform non-recyclable waste into Anthropocite, an aggregate that can be used as a raw material in construction.
Advised by Polytechnique Ventures SAS and managed by Equitis Gestion, the Polytechnique Ventures fund is focused on early-stage financing of technology start-ups. Its investment strategy is based on initial investments of €250,000 to €500,000 in pre-seed and seed, and reinvestments up to series A, for an average investment per company of approximately €2.5 millions.
Polytechnique Ventures' main criteria for evaluating start-ups are the quality of the founding team, the uniqueness of the technologies developed, the company's development potential and its social contribution.